City of Roseville Awards Financial Services Contract to First Northern Bank of Dixon (August 2026)

The City of Roseville plans to approve a banking services agreement with First Northern Bank of Dixon under the Roseville Advantage Financing Program, involving the deposit of a portion of up to $15 million in short-term investment funds through June 30, 2029. The agreement supports local lending capacity without reducing City investment income and includes options for three one-year renewals.

Scope & details

The full contract record, as filed.

Contract amount

Up to $15,000,000 one-time investment deposited across participating banks (aggregate program)

Contract type

FINANCIAL_SERVICES

Contract term

Initial term through June 30, 2029, with up to three additional one-year renewals at City's discretion

Renewal date

2029-06-30

Renewal

City may renew the agreement for up to three additional one-year terms at its sole discretion after June 30, 2029.

Document type

Agenda

Source document

City of Roseville Agenda Regular Meeting 2026-08-05

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Roseville?

First Northern Bank of Dixon was awarded this financial services contract by City of Roseville, as recorded on August 5, 2026. The contract value is Up to $15,000,000 one-time investment deposited across participating banks (aggregate program).

How much is the First Northern Bank of Dixon contract with City of Roseville worth?

The First Northern Bank of Dixon contract with City of Roseville is valued at Up to $15,000,000 one-time investment deposited across participating banks (aggregate program), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Roseville Agenda Regular Meeting 2026-08-05 (Agenda), dated August 5, 2026 from City of Roseville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Northern Bank of Dixon hold?

First Northern Bank of Dixon may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View First Northern Bank of Dixon's profile

What is City of Roseville currently buying?

Explore City of Roseville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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